Tesla’s proposals to reinstate Elon Musk’s compensation plan and reincorporate in Texas have prompted a new chapter in the Court of Chancery case that invalidated that plan, with the shareholder plaintiff filing five motions on Tuesday.
Those motions seek an injunction that would prevent Tesla or any of its directors from sidestepping Chancellor Kathaleen McCormick’s Jan. 30 post-trial decision and litigating anything related to the case in another jurisdiction, proposing that the court order the more than 303 million shares included in Musk’s compensation plan to be sequestered or placed in a constructive trust.
